... owns other businesses such as Frito-Lay, Pizza Hut, Taco Bell, and KFC Answers and Solutions: 13 - SOLUTIONS TO END-OF -CHAPTER PROBLEMS 1 3-1 CA = $3,000,000; CA CA - I = 1.5; = 1.0; CL CL CL = ?; ... increased its current assets Since the company’s current ratio increased, and yet, its quick ratio is unchanged means that the company has increased its inventories Answers and Solutions: 13 - 1 3-4 ... reported to have deliberately used end-of-year or beginning-of-year equity to make returns on equity appear excessive or inadequate Similar problems can arise when a firm is being evaluated 1 3-6 ...